Cory Youmans is a financial advisor based in Plano, Texas, with 3 years of industry experience. Youmans works at Fisher Investments. Fisher Investments is an independent money management firm headquartered in Plano, Texas.
The firm provides a diverse set of services, including financial planning services.
Who is Cory Youmans?
Cory Youmans, who has 3 years of industry experience, currently serves as a Vice President at Fisher Investments in Plano, Texas. Prior to his current position, he worked in various roles at the company, including investments counsellor and Group Manager.
Youmans has devoted his entire career to working at Fisher Investments. This year marks his 10th year of employment with the company.
Youmans holds both Series 63 and Series 65 licenses, qualifying him as a securities agent and investment advisor representative, and enabling him to operate in Texas.
In 2010, he completed his Bachelor of Science (B.S.) from Washington State University.
What is Fisher Investments?
Fisher Investments is a money management company based in Plano, Texas that operates independently. With a team of 3,349 people across 14 offices, Fisher Investments manages $192 billion worth of assets across 269,289 customer accounts. This makes it one of the country’s largest financial advisory firms in terms of assets under management.
Fisher’s 269,289 client accounts include 46% high-net-worth individuals with more than $1 million in investable assets. The organisation offers a variety of services, including financial planning, portfolio management for small businesses, investment companies, and others.
History
Ken Fisher founded the firm in 1979, incorporated it in 1986, and remained as CEO until July 2016, when he was succeeded by Damian Ornani, a long-time Fisher Investments employee. Ken is still the company’s executive chairman and co-chief investment officer.
Fisher Investments and its subsidiaries managed over $210 billion in assets for individual and institutional investors globally as of June 2023.
Fisher Investments Institutional Group, Fisher Investments Private Client Group, Fisher Investments 401(k) Solutions Group, and Fisher Investments Private Client Group International are the firm’s four primary business segments.
Cory Youmans: Disclosures
The Investment Adviser Public Disclosure (IAPD) report of Cory Youmas disclosed information about his employment history, professional qualifications, disciplinary actions, criminal convictions, civil judgements and arbitration awards.
According to the report, there have been no disclosures against Cory.
How is the Personal Life of Cory Youmans?
Cory Youmans, Vice President of Fishe and Bri Amaranthus, a Sports Illustrated reporter, started dating in May of 2018. Two years later, in February 2020, they got engaged. On June 5, 2021, they were married.
Apart from their relationship, there have been other interesting events, such as Bri Amaranthus, a Sports Illustrated reporter and Bachelor Nation alum, who was overjoyed after her husband Cory Youmans got lucky and snagged New York Yankees star Aaron Judge’s 62nd home run ball.
Cory Youmans makes the catch as the ball flew towards the left field wall at Globe Life Field in Texas. The New York Yankees took him away immediately to verify the authenticity of the home run ball.
When asked by reporters what he planned to do with the historic souvenir, Youmans said he hadn’t decided yet.
THIS IS MY HUSBAND. https://t.co/GNIuP7phnA
— Bri Amaranthus (@BriAmaranthus) October 5, 2022
Overall, the two are definitely enjoying all of the media attention that has come their way as a result of Youman’s spectacular catch at Globe Life Field in Arlington, Texas.
What services does Cory Youmans provide to his clients?
As a Vice president, Cory Youmans provides strategic financial planning, leads and manages the budgeting process, and oversees all sides of accounting operations. However, Fisher Investments offers three main services: Financial Planning, Portfolio Management, and Annuity Evaluation.
Financial Planning
Financial planning is a wide strategy for managing your money today and preparing for future success. This can include assistance with:
- Budgeting and cash flow forecasting
- Estate and tax planning
- Saving for an emergency fund
- Saving on a daily basis
- Debt management
Portfolio Management
Fisher will continue to manage your investments after creating your portfolio by analysing their performance on an ongoing basis. Fisher uses active portfolio management, which varies from passive management.
Rather than urging you to maintain your current asset allocation or hold assets that are underperforming, Fisher will monitor market conditions and offer trades that are appropriate for your risk tolerance and goals.
Annuity Evaluation
Annuity evaluation is another service Fisher will provide you as a Personal Wealth Management client. Fisher Investments does not sell annuities, but it does assist investors in analysing annuities on an individual basis.
If you currently have an annuity, Fisher can assist you in evaluating its benefits and drawbacks in the context of your entire investing and retirement planning strategy.
Retirement Planning
One of the most important components of your financial planning journey will be retirement.
Whether you want to keep accumulating your money, maintain your desired lifestyle, or something in between, you can get assistance in developing a retirement plan that works for you.
Fisher Investments can help you set goals and discover how to build retirement income. Your Adviser will also make it a priority to connect your investment with your retirement objectives and will give you the resources and tools you need to keep on track in other areas of your life as well.
Unfortunately, they do not offer IRA services in which investors can hold physical precious metals such as gold, silver, and platinum in their retirement investment portfolio.
Why Should You Invest in Gold for Retirement?
As an investor, securing your financial future is a top priority, especially when it comes to retirement. You want to ensure you have enough savings to live a comfortable life without financial worries.
Gold is one that continues to be a popular choice. It offers many benefits to investors of all kinds, but especially those looking to protect their wealth for the future.
If you’re thinking about investing in gold for your retirement, here are several advantages to consider.
Gold is considered a hedge against inflation
Gold and other precious metals have long been regarded as an intelligent choice against inflation. This is because, despite currency swings, it tends to keep its value and preserve your spending power over time.
“As inflation remains high, this could be an excellent time to increase allocations to gold,” says Frank Trotter, president of Battle Bank. “Over time, analysts have shown that gold is a good inflation hedge.”
The Personal Consumer Expenditures (PCE) index measures the prices that Americans spend on products and services. In 2022, the index ranged from 6% to 7%, which was substantially above the country’s historical standards. It was also substantially greater than the Federal Reserve’s goal rate of 2%.
According to economists, the economy may not reach that level until 2025, if at all, making gold an even more appealing investment to consider today.
“Based on recent economic data and the Fed’s position, it appears unlikely that the economic pain will be alleviated anytime soon.” In fact, it’s likely to become worse, says Richard Gardner, CEO of financial technology business Modulus Global.
You can diversify your portfolio with gold
When an economy enters a recession, so does the stock market. During a recession, real estate assets may also lose value. During an economic slump, however, gold can be an excellent strategy to assure a diverse portfolio. Diversification reduces your exposure to risky investments and mitigates the impact of any losses.
Why Are Investors Diversifying Their Portfolio?
Experts agree that the financial market is now even more fragile than pre-2008. Will your retirement portfolio weather the imminent financial crisis? Threats are many. Pick your poison..
The financial system would be in great peril if one or more big banks fail.
“When we get to a downturn, banks won’t have the cushion to absorb the losses. Without a cushion, we will have 2008 and 2009 again.”
Student debt, which has been on a steep rise for years, could figure greatly in the next credit downturn.
“There are parallels to 2008: There are massive amounts of unaffordable loans being made to people who can’t pay them”
The US national debt has spiked $1 trillion in less than 6 months!
“If we keep throwing gas on flames with deficit spending, I worry about how severe the next [economic] downturn is going to be–and whether we have enough bullets left [to fight it],”
Total household debt rose to an all-time high of $13.67 trillion at year-end 2019.
“Any type of secured lending backed by an asset that is overvalued should be a concern… that is what happened with housing.”
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Gold helps with liquidity
In a recession, liquidity — or the ability to swiftly sell assets for cash — is critical. If you run into financial difficulties, you can sell your assets and still pay your payments and other obligations.
Stocks, bonds, real estate, collectibles, and other tangible assets are often regarded as illiquid investments. They’re difficult to convert into useable dollars, especially when demand for those things is low. Who wants to buy rare artwork when they can’t pay their bills?
Gold, on the other hand, is extremely liquid and can be readily swapped for cash, making it an excellent investment during downturns. Gold is a useful addition to diversify a portfolio due to its price stability as well as its high value.
I’m safe from the recession, are you?
Cory Youmans Review: Summary
To conclude, it seems that Cory Youmans has had a notably positive impact as Vice President of Fisher Investments.
However, Fisher Investments is not a good option for investors looking to secure their investment with a physical Gold IRA, while Augusta Precious Metals is a considerably superior option.
Each state has its own regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.
Find the best Gold IRA company in your state